Chapter 1518 After the Tsunami

two years later.

Song Ya loosened his tie impatiently, opened his suit, put his hands in his trouser pockets, and paced back and forth.

"APLUS, ha!"

Finally, Axelrod, his former public relations consultant, appeared and stretched out his hand from afar. Now he has transformed into a senior adviser to the White House.

Song Ya squeezed out a smile and greeted him, "David."

"They're waiting for you."

After shaking hands and exchanging greetings, Axelrod announced in a low voice, "Alicia." Then he hugged Song Ya's girlfriend, DIVA Alicia Case, "I'll let someone show you around here."

"OK."

Alicia Keys graciously agreed.

"Let's go APLUS."

"Um."

Song Ya gave his girlfriend a wink and followed Axelrod who was walking in a hurry, and the two quickly entered the Oval Office.

"APLUS! Welcome!"

Michelle and his wife warmly opened their arms to welcome this old acquaintance.

"Mr. Datong, first lady." Song Ya hugged them.

"Hey hey..."

Michelle's husband laughed heartily, "You don't need to see APLUS like this, it's fine as in Chicago, please sit down, sit down..."

Song Ya was pressed by his shoulders and sat on the sofa.

"This is ours now." Axelrod closed the door, and there were only four people in the room.

"Meet Underwood?"

Michelle sat down opposite and asked.

"Well, before we came, we had a chat at Chicago's South City Church..."

Song Ya admitted angrily, turned her head and glanced at Michelle's husband behind her, who was leaning on the back of the sofa with his elbows, "You can't do this to him. Without Underwood, you can't win this election."

They promised the position of Secretary of State for Underwood before the election, but because they made a lot of deals with the other side in order to dissuade the Arkansas Dynasty during the primary election stage of the party, as well as the Daly Dynasty, the Kennedy Dynasty and other forces that have made great efforts need to discuss meritorious deeds reward.

So... Underwood has been busy working for them for nearly two years, and finally got nothing, and he is still the majority leader of the House of Representatives.

To put it simply, it was tricked by Michelle and his wife.

"We need him to stay in the House of Representatives to escort the health insurance bill. His influence in the House of Representatives can better help us realize our campaign promises as soon as possible."

Axelrod said: "After all, our background is relatively shallow, so there is nothing we can do about it."

He also did not get the expected chief of staff of the White House. The position of chief steward was given to someone from the Arkansas Dynasty faction. Of course, he was more trusted by Michelle and his wife.

"Help us appease the Underwood APLUS," Michelle said.

"I've tried my best to appease you." Song Ya replied.

"How do you feel about his mood?" Axelrod asked, "Everyone knows his character, so I'm a little worried..."

"No, he is more concerned about the overall situation."

Song Ya recalled the scene of chatting with the Underwood couple at the church door...

"It's unbelievable, they shouldn't have treated you like this." The palms and backs of his hands are all politicians who are closest to him. He didn't expect this to happen. He can only talk about people and talk about people. Of course, he really blames Michelle even more in his heart. Couples some.

It is more convenient to ask Underwood for help, and Underwood is also more straightforward and has no bottom line.

"That's politics, isn't it?"

The three of them walked down the stairs, and Underwood looked very free and easy.

His wife, Claire, naturally had a straight face, "Using the excuse that we need to stay in the House of Representatives during the full administration is simply insulting everyone's IQ..."

"Don't say that about Claire." Underwood stopped his wife, "Oh, yes, the invitation letter for the inauguration ceremony and dinner." He took out a white envelope from his pocket and gave it to Song Ya, "The best position."

"Thanks, you always have a way."

Song Ya complimented, and comforted by the way, "After the health insurance bill is passed, I believe they will find a way to make up for you."

As a great patron,

It is not difficult to get a good seat at the inauguration ceremony and the White House dinner. The Michels are still good to themselves. Ms. Sloan tried to take charge of the Bureau of Tobacco, Alcohol, Firearms and Explosives. Instead, he became the Minister of Education. Yeremov, who was worth more than 200 million because of the sale of A+ Entertainment, took control of the Information Agency. Jennifer Connelly was also there, and Daniel, who had nothing to do, became the chairman of the Federal Communications Commission.

In terms of rewards for meritorious deeds, many of my subordinates have been inserted into various government departments through the revolving door.

"It's okay, I will ensure that the medical bill is passed, so the commander-in-chief doesn't have to worry, just leave it to me." Underwood promised sincerely.

"That's great……"

"I feel okay." Song Ya withdrew her memories, "You don't actually need to send messages through me..."

"We want to talk to him after he's calmed down," Michele said.

"well!"

I came to the White House not for this, but for other important things, "You have to worry about me, Michelle, the First Bank of New Jersey needs more financial support."

In April 2007, New Century Financial Corporation filed for bankruptcy protection. In July, Bear Stearns Bank suffered huge losses. In August, Residential Mortgage Investment Company filed for bankruptcy protection. In September, Lehman Brothers Bank followed suit. The financial tsunami It was completely detonated, and then giants such as Freddie Mac, Fannie Mae, and AIG Insurance rushed to the emergency.

Housing prices in the United States have collapsed, and countless ordinary people with mortgages are unable to repay their loans. In some places, houses cannot be sold for a dollar, and there are many sorrows.

Hali and Mira, who followed the trend of real estate speculators, both suffered miserably, and their ex-wife also lost a lot, but the ex-wife has always been relatively stable in financial management.

The super-financial crisis quickly spread to the whole world, and its own banks and investment banks were not immune.

Over the years, many of its properties have been financed through the First Bank of New Jersey and investment banks, which have a large number of healthy assets of their own, and if they are not revived, it will cause a chain reaction.

"Last year, Treasury Secretary Purcell asked Chase to inject capital into your bank." Axelrod said, "I heard that Huaguo Financial Capital also invested in it?"

Chase is the only bank that didn't get hurt fundamentally in the financial tsunami.

"Yes, Purcell is a good person, but at that time the George dynasty only wanted to keep the two core investment banks of Morgan Stanley and Goldman Sachs, which was not enough, far from enough."

Those in power at the time, such as the George Dynasty and Purcell, printed money and threw it away, but Bear Stearns and Lehman Brothers disappeared forever, and there were only two big investment banks left on Wall Street. Songya couldn't help but rejoice that Paulson was not in power at the time The Ministry of Finance, Morgan Stanley is now in a much better situation than Goldman Sachs, of course Purcell prioritizes saving his own people.

Paulson was really smart to run decisively in early 2007.

"What the hell!"

The transmigrator had been messing around for more than ten years and finally needed the country's rescue. Song Ya swears in the Oval Office.

"Your investment bank generally uses a leverage ratio of more than 20 times in the real estate financial derivatives market, and it is even as high as more than 70 times when it is transmitted to the terminal."

Axelrod knows his business very well, "Last year your bank and investment bank gave you and your executives a lot of bonuses and commissions despite the financial crisis, right?"

"..."

Song Ya was so choked that she couldn't find the words to refute. It was so dangerous at the time, so of course she could get a little back, "Wall Street does this! I'm not alone... If housing prices rise, it's actually not that serious. After deleveraging, it won't be so serious. Insolvency. And all those troubles were caused by Anders, you arrest him and lock him up!"

"Anders?" Michelle's husband didn't know Anders.

"Anders Eisner, Eisner's youngest son."

Song Ya now wished to kill Anders alive, although at the time he thought he was a once-in-a-century financial genius, "Uh, forget it, I was just angry, I promised Eisner to take care of him."

"What do you say!?" He found that the other three people in the room were silent, so he asked.

"Last year in the primaries, you should know how much risk I took to support you."

He also played the emotional card. Last year, when the Arkansas dynasty was still unwilling to admit defeat, they used many tricks to deal with him. It is difficult to elaborate, but the danger is indeed not small.

"I know, don't worry, we will save, APLUS."

After consulting his wife and Axelrod, Michelle's husband agreed.

That's about the same, Song Ya took the reassurance, his face turned pale, "Anyway, it's a lot of water..." He muttered softly.

"You should pay more attention to your business APLUS. According to your ability, it shouldn't be difficult to prevent it in advance, right?" Michelle gently suggested half coaxingly.

"I don't have that much energy, and the housing and bond markets were so hot at the time..."

Song Ya was also a little helpless, "You know that I have never been good at avoiding stock market crashes. I always eat my fill every time. It was like this when the Internet bubble burst."

After the age of thirty, his main energy has changed from investing based on apocalypse to managing his business empire, fighting wits with professional managers such as boards of directors, senior managers, and shareholders of various companies, and using personnel adjustments instead of directly intervening in operations to achieve success. Purpose, this transformation also requires a lot of time to learn, and trial and error are inevitable.

"Oh, by the way, and, APLUS, you have to pay back the money you earned from the Madoff Fund."

Michelle and his wife began to reminisce with Song Ya and joked with each other. Axelrod took advantage of the relaxed atmosphere in the Oval Office, and got Michelle's husband's eyes of permission to bring the topic back to the topic.

"That's none of my business! I'm a victim too!"

The Madoff Fund was also unable to withstand the financial tsunami. According to the survey, Madoff played a classic Ponzi financial scam. In fact, it has been absorbing new funds to meet the high yield expectations of old investors. There are many victims of major multinational banks. And various trusts and special funds.

The old man Madoff also asked his son to take the initiative to report him, trying to pick his family out of the biggest Ponzi scheme in history.

This kind of development surprised Song Ya, but anyway, by accident and coincidence, he made money by his own shit luck, and even ran away early, "I won't pay it back!" Spit it out after eating it? How can it be!

He raised his hand, and the Dama golden knife stuck in his neck.

"APLUS..."

Axelrod sat next to him and said seriously: "I'm not asking you to pay back all the profits, at least return the profits in the retrospective period. This case is watched by the whole world, especially European banks have suffered heavy losses. We also It’s not good for you to cover up.”

That's hundreds of millions, "Picauer earns a lot more than me, why does he force me to pay it back if he doesn't spit it out first!?"

Song Ya dragged others, and her picker, Picoul, was exposed to have made billions from Madoff for so many years, and the money has been hidden through various trusts and charitable funds.

"He will pay it back, there are plenty of ways." Axelrod persuaded: "APLUS, your personal reputation has dropped significantly after the financial crisis and the Madoff scam. According to the survey, the public has now regarded you and those Wall Street The vampire has been equated, and in view of your relationship with us, this is also a damage to the image of the Grand Commander."

Song Ya shook his head, and he recalled the scene in New York.

At that time, he and Amelio and other senior bank executives held a luncheon on Wall Street. People in costumes held wine glasses and smiled at the protesters downstairs. Wall Street's hatred grew even stronger. He saw a cardboard with his own face on it with a big cross on it in the crowd...

"Why are you here?"

He also saw the blond hair of Cassidy, who looked like a protest organizer, speaking with a megaphone in front of the crowd.

"I joined the Tea Party movement."

He called Cassidy.

"That's not Sarah Palin's..."

Sarah Palin, the governor of Alaska, is one of the leaders of the emerging Tea Party movement, launched from the grassroots, against high taxes, high spending and health care reform, and calls for a reduction in the size of government.

"Yes, didn't I work as her assistant before?" Kasiti looked up, "Are you there?"

"Well, I can see you."

"Wall Street vampire, cold-blooded capitalist!"

The two made a tacit agreement in a few words, and soon found a place in the building to hug and kiss together...

"APLUS, the United States has encountered difficulties this time, big difficulties."

Axelrod was still around to persuade Michelle and his wife, "You are one of the richest people in the world, you have so many children, if you want your family to be like those old money families in the future , have long-term wealth and power, at least we must work together with the country to overcome difficulties, even once?"

"Not yet?"

This sentence made Song Ya a little bit moved. The money can be afforded by himself. The banking crisis does not affect his wealth, especially after the rescue strategy dubbed "too big to fail" last year, no bank or manager was really punished. , if the First Bank of New Jersey survives this difficulty, its net worth will only be richer.

"Really not." Axelrod replied.

Song Ya looked at Michelle and his wife, and they expressed their attitude in silence.

"Okay." Song Ya nodded.

"That's great." Axelrod was very happy.

"During the retroactive period."

"certainly."

"Picall pays back first."

"Can."

"I'll ask someone to come up with a repayment plan, take your time."

"also!"

The atmosphere in the Oval Office finally relaxed again, and Michelle's husband patted him on the shoulder and asked Axelrod to pour the wine.

"There is one more thing." Song Ya proposed again when toasting each other.

"what else?"

"The shooting of the year."

He will never forget this blood feud, now is the era when his own people are in power, and it is time for the final liquidation.

Thanks to Mr. Cao Ya for rewarding another leader!

Thank you so much! !

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